Sec Form 13G Filing - REVOLUTION GROWTH II LP filing for BigCommerce Holdings Inc. (BIGC) - 2022-02-11

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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  UNITED STATES  
  SECURITIES AND EXCHANGE COMMISSION  
  Washington, D.C. 20549  

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

BigCommerce Holdings, Inc.

(Name of Issuer)

 

Series 1 Common Stock, $0.0001 par value per share

(Title of Class of Securities)

 

08975P108

(CUSIP Number)

 

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

CUSIP No. 08975P108
   
  1.

Names of Reporting Persons

Revolution Growth II, LP

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x (1)
 
  3. SEC Use Only
 
  4.

Citizenship or Place of Organization

Delaware

     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.

Sole Voting Power

0

 
6.

Shared Voting Power

0 shares

 
7.

Sole Dispositive Power

0

 
8.

Shared Dispositive Power

0 shares

 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11.

Percent of Class Represented by Amount in Row (9)

0.0%

 
  12.

Type of Reporting Person (See Instructions)

PN

             

(1)This Schedule 13G is filed by each of Revolution Growth II, LP (“Revolution Growth”), Revolution Growth GP II, LP (“Revolution Growth GP”), Revolution Growth UGP II, LLC (“Revolution Growth UGP”), Steven J. Murray (“Murray&#x 201D;), Stephen M. Case (“Case”) and Theodore J. Leonsis (“Leonsis”) (hereinafter sometimes referred to collectively as the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

 

 

CUSIP No. 08975P108
 
  1.

Names of Reporting Persons

Revolution Growth GP II, LP

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x (1)
 
  3. SEC Use Only
 
  4.

Citizenship or Place of Organization

Delaware

     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.

Sole Voting Power

0

 
6.

Shared Voting Power

0 shares

 
7.

Sole Dispositive Power

0

 
8.

Shared Dispositive Power

0 shares

 
  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

0 shares

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11.

Percent of Class Represented by Amount in Row (9)

0.0%

 
  12.

Type of Reporting Person (See Instructions)

PN

           

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

 

 


CUSIP No. 08975P108
 
  1.

Names of Reporting Persons

Revolution Growth UGP II, LLC

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x (1)
 
  3. SEC Use Only
 
  4.

Citizenship or Place of Organization

Delaware

     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.

Sole Voting Power

0

 
6.

Shared Voting Power

0 shares

 
7.

Sole Dispositive Power

0

 
8.

Shared Dispositive Power

0 shares

 
  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

0 shares

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11.

Percent of Class Represented by Amount in Row (9)

0.0%

 
  12.

Type of Reporting Person (See Instructions)

OO

           

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

 

 

CUSIP No. 08975P108
 
  1.

Names of Reporting Persons

Steven J. Murray

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x (1)
 
  3. SEC Use Only
 
  4.

Citizenship or Place of Organization

United States

     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.

Sole Voting Power

7,774

 
6.

Shared Voting Power

0 shares

 
7.

Sole Dispositive Power

7,774

 
8.

Shared Dispositive Power

0 shares

 
  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

7,774 shares

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11.

Percent of Class Represented by Amount in Row (9)

0.0%

 
  12.

Type of Reporting Person (See Instructions)

IN

           

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

 

 

 

CUSIP No. 08975P108
 
  1.

Names of Reporting Persons

Stephen M. Case

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x (1)
 
  3. SEC Use Only
 
  4.

Citizenship or Place of Organization

United States

     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.

Sole Voting Power

89,908

 
6.

Shared Voting Power

0 shares

 
7.

Sole Dispositive Power

89,908

 
8.

Shared Dispositive Power

0 shares

 
  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

89,908 shares

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11.

Percent of Class Represented by Amount in Row (9)

0.1%

 
  12.

Type of Reporting Person (See Instructions)

IN

           

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

 

 

CUSIP No. 08975P108
 
  1.

Names of Reporting Persons

Theodore J. Leonsis

 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x (1)
 
  3. SEC Use Only
 
  4.

Citizenship or Place of Organization

United States

     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.

Sole Voting Power

142,188

 
6.

Shared Voting Power

0 shares

 
7.

Sole Dispositive Power

142,188

 
8.

Shared Dispositive Power

0 shares

 
  9.

Aggregate Amount Beneficially Owned by Each Reporting Person

142,188 shares

 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11.

Percent of Class Represented by Amount in Row (9)

0.2%

 
  12.

Type of Reporting Person (See Instructions)

IN

           

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

 

 

 

Item 1.
 
  (a)

Name of Issuer

BigCommerce Hol dings, Inc. (the “Issuer”)

  (b)

Address of Issuer’s Principal Executive Offices

11305 Four Points Drive, Building II

Third Floor

Austin, Texas 78726

 
Item 2.
 
  (a)

Name of Person Filing

Revolution Growth II, LP (“Revolution Growth”)

Revolution Growth GP II, LP (“Revolution Growth GP”)

Revolution Growth UGP II, LLC (“Revolution Growth UGP”)

Steven J. Murray (“Murray”)

Stephen M. Case (“Case”)

Theodore J. Leonsis (“Leonsis”)

 

See attached Exhibit A, which is a copy of their agreement in writing to file this statement on behalf of each of them.

 

Revolution Growth GP is the general partner of Revolution Growth. Revolution Growth UGP is the general partner of Revolution Growth GP. Murray, as the operating manager of Revolution Growth UGP has voting power with respect to the shares held by Revolution Growth. Murray, Case and Leonsis, as members of the investment committee of Revolution Growth UGP, may be deemed to share dispositive power over the shares held by Revolution Growth.

 

  (b)

Address of Principal Business Office or, if none, Residence

 

The business address for each of Revolution Growth, Revolution Growth GP, Revolution Growth UGP, Murray, Case and Leonsis is 1717 Rhode Island Avenue NW, 10th Floor, Washington, DC 20036.

 

 

  (c)

Citizenship

Entities:

Revolution Growth

Revolution Growth GP

Revolution Growth UGP

 

Individuals:

Murray           -

Case                -

Leonsis          -

 

 

-       Delaware

-       Delaware

-       Delaware

 

 

United States of America

United States of America

United States of America

  (d)

Title of Class of Securities

Series 1 Common Stock, $0.0001 par value (“Common Stock”)

  (e)

CUSIP Number

08975P108

 
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  Not applicable

 

 

 

 

Item 4.Ownership
  
The following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1 is provided as of December 31, 2021:

 

Reporting Persons   Shares Held
Directly
    Sole
Voting

Power
    Shared
Voting

Power
    Sole
Dispositive

Power
    Shared
Dispositive

Power
    Beneficial
Ownership
    Percentage
of Class 
 
Revolution Growth     0       0       0       0       0       0     0.0 %
Revolution Growth GP     0       0       0       0       0       0     0.0 %
Revolution Growth UGP     0       0       0       0       0       0     0.0 %
Murray     7,774       7,774       0       7,774       0       7,774     0.0 %
Case     0       89,908       0       89,908       0       89,908     0.1 %
Leonsis     142,188       142,188       0       142,188       0       142,188     0.2 %

 

Item 5. Ownership of Five Percent or Less of a Class
   
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   x.
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person
   
  Not applicable
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
   
  Not applicable
 
Item 8. Identification and Classification of Members of the Group
   
  Not applicable
 
Item 9. Notice of Dissolution of Group
   
  Not applicable
 
Item 10. Certification
   
Not applicable
                 

 

 

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 11, 2022

   
 

REVOLUTION GROWTH II, LP

By: Revolution Growth GP II, LP

Its: General Partner

By: Revolution Growth UGP II, LLC

Its: General Partner

   
  By: /s/ Steven J. Murray
  Name:  Steven J. Murray
  Its: Operating Manager
   
 

REVOLUTION GROWTH GP II, LP

By: Revolution Growth UGP II, LLC

  Its: General Partner
   
  By: /s/ Steven J. Murray
  Name:  Steven J. Murray
  Its: Operating Manager
   
  REVOLUTION GROWTH UGP II, LLC
   
  By: /s/ Steven J. Murray
  Name:  Steven J. Murray
  Its: Operating Manager
   
  /s/ Steven J. Murray
  Steven J. Murray

 

  /s/ Stephen M. Case
  Stephen M. Case
   
  /s/ Theodore J. Leonsis
  Theodore J. Leonsis

 

  ATTENTION  
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

 

 

 

Exhibit(s):

 

A - Joint Filing Statement

 

 

 

 

EXHIBIT A

 

JOINT FILING STATEMENT

 

The undersigned hereby agree to jointly prepare and file with regulatory authorities a Schedule 13G and any future amendments thereto reporting each of the undersigned’s ownership of securities of BigCommerce Holdings, Inc. and hereby affirm that such Schedule 13G is being filed on behalf of each of the undersigned.

 

Dated: February 11, 2022

 

 

REVOLUTION GROWTH II, LP

By: Revolution Growth GP II, LP

Its: General Partner

By: Revolution Growth UGP II, LLC

Its: General Partner

   
  By: /s/ Steven J. Murray
  Name:  Steven J. Murray
  Its: Operating Manager
   
 

REVOLUTION GROWTH GP II, LP

By: Revolution Growth UGP II, LLC

  Its: General Partner
   
  By: /s/ Steven J. Murray
  Name:  Steven J. Murray
  Its: Operating Manager
   
  REVOLUTION GROWTH UGP II, LLC
   
  By: /s/ Steven J. Murray
  Name:  Steven J. Murray
  Its: Operating Manager
   
  /s/ Steven J. Murray
  Steven J. Murray

 

  /s/ Stephen M. Case
  Stephen M. Case
   
  /s/ Theodore J. Leonsis
  Theodore J. Leonsis